Douglas Lane & Associates LLC Has $61.20 Million Holdings in Aptiv PLC (NYSE:APTV)

Douglas Lane & Associates LLC increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,011,935 shares of the auto parts company’s stock after purchasing an additional 141,587 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.43% of Aptiv worth $61,202,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Aptiv in the second quarter valued at $38,000. Capital Performance Advisors LLP bought a new position in shares of Aptiv in the 3rd quarter valued at about $43,000. Finally, Brooklyn Investment Group acquired a new position in shares of Aptiv during the 3rd quarter worth about $43,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APTV shares. Wells Fargo & Company cut their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Barclays dropped their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Price Performance

NYSE APTV traded down $0.87 during midday trading on Wednesday, hitting $60.95. The company had a trading volume of 1,460,819 shares, compared to its average volume of 2,553,734. The firm has a 50-day moving average price of $57.30 and a 200-day moving average price of $65.53. The company has a market capitalization of $14.33 billion, a PE ratio of 6.80, a P/E/G ratio of 0.59 and a beta of 1.75. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.